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PHOTO CAPTION: Production of Chevy Volts in 2011 to more than double.

GM Planning to Double Chevy Volt Production Capacity for 2012

Capacity reported to increase to 120,000 units annually, with 2011 production to increase to 25,000.

Published: 24-Jan-2011

General Motors Co. Chief Executive Officer Dan Akerson, seeking to boost sales of plug-in hybrids, plans to double 2012 production capacity for the Chevrolet Volt to 120,000, said two people familiar with the matter.

Volt output this year may increase to 25,000 from an original plan of 10,000, Akerson said earlier this month. GM is working with suppliers to raise 2012 capacity from an earlier target of 60,000. It may not build that many if parts aren’t available or demand isn’t strong enough, said the people, who didn’t want to be named because the plans are private.

Akerson, who became CEO in September, wants to sell more of the $41,000 Volt and is pushing to use its Voltec gasoline- electric drive system for models sold by other GM brands. Akerson has said he wants GM to have more fuel-efficient models ready for a possible increase in oil prices to $120 a barrel.

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